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Saudi Enaya Cooperative Insurance Co. announces its Interim Financial Results for the period ending on 2026-03-31 ( Three Months ) | premargin

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Insurance Revenues	31,790	55,861	-43.09	31,226	1.806
Result of Insurance Services	990	2,825	-64.955	2,240	-55.803
Net Profit (Loss) of The Insurance Results	990	2,825	-64.955	2,240	-55.803
Net Profit (Loss) of The Investment Results	2,014	2,307	-12.7	1,771	13.721
Net Insurance Financing Expenses	-	-	-	-	-
Net Profit (Loss), After Zakat, Attributable To Shareholders	37	513	-92.787	-8,107	-
Total Comprehensive Income Attributable to Shareholders of the Issuer	37	513	-92.787	-8,772	-
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Total Shareholders Equity (after Deducting Minority Equity)	154,753	161,928	-4.43
Profit (Loss) per Share	0.0016	0.0223
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
Accumulated Losses	-75,247	33
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the revenues during the current quarter compared to the same quarter of last year is	"Insurance revenue for the current quarter amounted to SAR 31,790K, compared to SAR 55,861K during the similar quarter of the previous year, a decrease of 43.09%, This decrease is mainly driven by an increase in uearned premium of SAR 48,154K, as compared to Q1 2025, indicating that a substantial portion of GWP has been deferred to future periods due to the timing of policy issuance. This decrease is partially offset by a substantial increase of SAR 22,973K GWP as compare to Q1 2025."
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	"Profit before zakat and income tax attributable to shareholders for the current quarter amounted to SAR 691K, compared to SAR 618K during the similar quarter of the previous year, an increase of 11.81%. Profit after zakat and income tax attributable to shareholders for the current quarter amounted to SAR 37K, compared to SAR 513K during the similar quarter of the previous year, a decrease of 92.79 %. • Insurance service result for the current quarter amounted to SAR 990K, compared to SAR 2,825K during the similar quarter of the previous year, a decrease of 64.96%, which was principally driven by an increase in unearned premium of SAR 48,154K. • Net investment results for the current quarter amounted to SAR 2,014K, compared to SAR 2,307K during the similar quarter of the previous year, a decrease of 12.70%. This unfavorable movement is partially set-off by the following: • Other Operating expenses for the current quarter amounted to SAR 2,313K, compared to SAR 4,514K during the similar quarter of the previous year, a decrease of 48.76%. Moreover, Gross Written Premiums (GWP) for the current quarter amounted to SAR 55,142K compared to SAR 32,169K during the similar quarter of the previous year, an increase of 71.41%."
The reason of the increase (decrease) in the revenues during the current quarter compared to the previous quarter is	Insurance revenue for the current quarter amounted to SAR 31,790K, compared to SAR 31,226K during the previous quarter, an increase of 1.81%. This increase is due to substantial increase of SAR 28,266K GWP as compare to Q4 2025. This increase is partially offset by a change in unearned premium which increased by SAR 26,946K, as compared to Q4 2025, indicating that a substantial portion of GWP has been deferred to future periods due to the timing of policy issuance.
The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous quarter is	"Profit/(Loss) before zakat and income tax attributable to shareholders for the current quarter amounted to SAR 691K, compared to SAR (2,100)K during the previous quarter, an increase of 132.90%. Profit/(Loss) after zakat and income tax attributable to shareholders for the current quarter amounted to SAR 37K, compared to SAR (8,107)K during the previous quarter, an increase 100.46%, which was due to the following main reasons: • Other Operating expenses for the current quarter amounted to SAR 2,313K, compared to SAR 6,111K during previous quarter, a decrease of 62.15%. • Net investment results for the current quarter amounted to SAR 2,014K, compared to SAR 1,771K during previous quarter, a increase of 13.72%. Moreover, Gross Written Premiums (GWP) for the current quarter amounted to SAR 55,142K compared to SAR 26,876K during previous quarter, a increase of 105.17%."
Statement of the type of external auditor's report	Unmodified conclusion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	Yes. The external auditor included an Emphasis of Matter paragraph regarding a material uncertainty related to going concern.
Reclassification of Comparison Items	None.
Additional Information	"The earning per share (EPS) for the current quarter is SAR 0.0016 per share versus SAR 0.0223 per share for the similar quarter of the previous year which is calculated by dividing the net income attributed to the shareholders after zakat and income tax of SAR 37K over the weighted average number of ordinary outstanding shares of 23,000K for the current quarter and SAR 513K over 23,000K shares for the similar quarter of the previous year. Total Shareholders’ Equity (no minority interest) as at end of current quarter is SAR 154,753K versus SAR 161,928K as at end of the same quarter of the previous year, a decrease of 4.43%."